The Future of Corporate Training in a Changing World

The Future of Corporate Training in a Changing World

Let's face it, the world is a completely different place now than it was 10 years ago. People have become more reliant on technology and, businesses are able to glean actionable insights from data collected, no matter the industry. For example, with predictive analytics, you can unlock vast marketing insights, anticipating a customer’s next purchase based on machine learning and targeting advertisements to encourage them to make the purchase. In this ever-changing business environment, corporations can’t keep up with their competition without embracing these types of technologies to improve their models.With so many new-to-market technologies bringing businesses impressive customer and employee data, why are so many corporations still using static training techniques of the past? Most businesses don’t place a huge emphasis on employee training – that’s a fact. It’s time for that to change, especially as one in three employees say that uninspiring training content is a barrier to their learning and can influence them to leave their company for new opportunities. What’s more, sticking with antiquated training methods is costly. One study even found that ineffective training techniques could cost a company up to $13.5 million a year per 1,000 employees.Corporate training departments also need to look at how much guidance employees need and how to address their individual learning styles. A recent research project by Middlesex University for Work Based Learning found that 74 percent of employees don’t feel as though they are achieving their full potential due to lack of development opportunities. And from a management perspective, 62 percent of human resources managers do not believe they are meeting each individual’s learning needs, according to a 2015 Association of Talent Development study. These numbers are very telling about the current state of corporate learning and development.How can corporate training departments address these issues and offer more effective training and development opportunities in the workplace? Businesses must adapt to the demands of the 21st century employee by incorporating new technologies into their corporate training programs.

Comments

No comments available for this article...

Leave Your Comments